Africa’s growth rate predicted to weather economic storms well

The latest Africa Outlook report published by the OECD, the AfDB and the United Nations Development Program predicts that the continent’s economy will grow at 4.5% in 2015 and 5% in 2016. The East African region is expected to post the strongest growth at 5.6%, while West Africa will recover impressively from the Ebola epidemic. Southern Africa will act as a drag on the continent’s overall growth, however, with South Africa growing by only 2%, plagued by labor disputes and energy shortages.